Sather Financial Group Inc increased its position in shares of U.S. Bancorp (NYSE:USB) by 6.8% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 110,288 shares of the financial services provider’s stock after buying an additional 7,011 shares during the period. U.S. Bancorp makes up about 1.6% of Sather Financial Group Inc’s investment portfolio, making the stock its 28th biggest position. Sather Financial Group Inc’s holdings in U.S. Bancorp were worth $5,910,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in USB. Farmers Trust Co. increased its stake in U.S. Bancorp by 1.4% during the 2nd quarter. Farmers Trust Co. now owns 82,560 shares of the financial services provider’s stock worth $4,286,000 after buying an additional 1,119 shares during the period. Perkins Coie Trust Co increased its stake in U.S. Bancorp by 6.1% during the 2nd quarter. Perkins Coie Trust Co now owns 27,973 shares of the financial services provider’s stock worth $1,452,000 after buying an additional 1,600 shares during the period. Country Club Trust Company n.a. increased its stake in U.S. Bancorp by 2.1% during the 2nd quarter. Country Club Trust Company n.a. now owns 10,186 shares of the financial services provider’s stock worth $529,000 after buying an additional 210 shares during the period. City Holding Co. increased its stake in U.S. Bancorp by 28.9% during the 2nd quarter. City Holding Co. now owns 41,915 shares of the financial services provider’s stock worth $2,176,000 after buying an additional 9,405 shares during the period. Finally, Atria Investments LLC increased its stake in U.S. Bancorp by 3.7% during the 2nd quarter. Atria Investments LLC now owns 10,813 shares of the financial services provider’s stock worth $561,000 after buying an additional 388 shares during the period. 73.98% of the stock is currently owned by hedge funds and other institutional investors.

U.S. Bancorp (NYSE:USB) opened at $57.17 on Wednesday. U.S. Bancorp has a fifty-two week low of $49.53 and a fifty-two week high of $57.69. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.83 and a quick ratio of 0.82. The company has a market cap of $94,557.80, a PE ratio of 16.96, a PEG ratio of 1.93 and a beta of 0.85.

U.S. Bancorp (NYSE:USB) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.88 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.88. U.S. Bancorp had a net margin of 25.46% and a return on equity of 13.91%. The business had revenue of $5.61 billion during the quarter, compared to analyst estimates of $5.60 billion. During the same period in the previous year, the business posted $0.84 EPS. The company’s quarterly revenue was up 4.1% on a year-over-year basis. analysts anticipate that U.S. Bancorp will post 3.42 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a dividend yield of 2.10%. The ex-dividend date of this dividend was Thursday, December 28th. U.S. Bancorp’s dividend payout ratio (DPR) is presently 35.61%.

Several research firms recently issued reports on USB. Bank of America downgraded shares of U.S. Bancorp from a “neutral” rating to an “underperform” rating and dropped their price target for the stock from $56.00 to $54.00 in a research note on Monday, October 2nd. Oppenheimer reissued a “hold” rating on shares of U.S. Bancorp in a report on Thursday, October 19th. Barclays raised their price objective on shares of U.S. Bancorp from $60.00 to $65.00 and gave the stock an “overweight” rating in a report on Tuesday, January 2nd. Morgan Stanley raised their price objective on shares of U.S. Bancorp from $51.00 to $55.00 and gave the stock an “underweight” rating in a report on Thursday, October 19th. Finally, Zacks Investment Research lowered shares of U.S. Bancorp from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Three research analysts have rated the stock with a sell rating, twelve have given a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $56.22.

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About U.S. Bancorp

U.S. Bancorp is a multi-state financial services holding company. The Company provides a full range of financial services, including lending and depository services, cash management, capital markets, and trust and investment management services. It also engages in credit card services, merchant and automated teller machine (ATM) processing, mortgage banking, insurance, brokerage and leasing.

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Institutional Ownership by Quarter for U.S. Bancorp (NYSE:USB)

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